Table of Contents
- 1 What Is XLM?
- 2 XLM Price History
- 3 XLM Price Predictions 2018?
- 4 XLM Price Predictions In 2020?
- 5 Is XLM a Good Investment?
- 6 Conclusion
What Is XLM?
Stellar’s ICO PlatformStellar also has a striking ICO platform which up-and-coming cryptocurrencies are using to launch new projects. One of the biggest ICOs on Stellar’s exchange is Irene Energy, which can be thought of almost as a Tinder for energy sources. Using Irene, you can decide what source you get your energy from, such as solar panels, generators, and even your neighbor! This ICO, along with many others on Stellar’s platform could be exciting for fellow Lumenauts (the name given to Stellar fans)! Earlier this year, the 39 Million-dollar ICO “Mobius” chose Stellar over Ethereum in a surprising move, reported by Coindesk. The founder of Mobius pointed to Stellar’s scalability compared to that of Ethereum’s.
Jed McCalebIn 2014, Jed McCaleb was still working at Ripple Labs, and it had been 7 years since he founded the website Mt. Gox. Mt. Gox fell victim to a Bitcoin hack (the second biggest hack of all time) where the attackers made off with 460 million dollars’ worth of Bitcoin back in 2014!
Source: wikipediaAccording to a New York Observer article from 2015, Jed McCaleb’s name being associated with Ripple nearly closed Ripple’s operating business account at Wells Fargo. This was due to hack that happened on Mt. Gox. Whether or not McCaleb had anything to do with Mt. Gox, we don’t know. However, what we do know is that his reputation was completely tarnished after the attack and the proceeding bankruptcy. Now, as we approach the 7-year anniversary of Mt. Gox, McCaleb has been pretty much out of the spotlight. He no longer has anything to do with Ripple and focuses all his time on Stellar Lumens.
Stellar and IBMSince Stellar was launched, McCaleb has already established a working partnership with one of the largest tech companies in blockchain, IBM.
XLM Price History2017 was a breakout year for Stellar Lumens. The price of Stellar in April 2017 was well below 1 cent ($.002USD to be exact). It started to gain some attention in May and over the summer it went as high as 4 cents! It wasn’t until December 2017 that it started to pick up some serious steam. It’s the highest point in December was $.31 cents. Then in January 2018, Stellar went even higher, growing to its all-time high of $.93 cents. Due to regulations, as well as several other factors, the cryptocurrency market on a whole has dropped, and Stellar is no exception. However, this could potentially be the perfect time to buy Stellar. Many analysts seem to have high expectations in their XLM price predictions, saying that the price will not only recover, but recover big! So, without further ado, let’s take a look at what some of the leading analysts are saying about the XLM price prediction for 2018!
XLM Price Predictions 2018?After surveying 7 of some of the leading XLM price predictions, I found that most professionals predict that the price of XLM will only go up this year and well into the future! Let’s take a look at some, shall we?
Altcoin ForecastAltcoin Forecast predict that XLM will gain about 35% against a Bitcoin. Compared to its current value of 0.00002935 Satoshi’s, this forecast service expects the price to reach as high as 0.00004664 Satoshis.
Wallet InvestorWallet Investor updates prices and predictions every 3 minutes using the latest technical analysis. As it currently stands, the site includes a 1-Year Forecast of $0.351, and a 5-Year Forecast of $0.974. This stands slightly lower than the first prediction, however, this price would still offer you a ROI (return on investment) of 5x if you invest at the current price.
Investing HavenThe price forecast at Investing Haven is very optimistic, predicting that Stellar could be worth $4 this year. The team says that this is an achievable XLM price prediction as long as there aren’t any major security flaws and the overall sector preforms well.
Stellar price prediction
Monetize.infoMonetize believe that Stellar’s major partnerships will be the reason behind an upcoming price surge, which the forecaster says will result in XLM’s price reaching $2-$3. Monetize is not wrong about the high-profile partnerships. Beyond IBM, Stellar’s partners include Stripe, Deloitte, and ICI Bank. To give you an idea of the magnitude of these partnerships, Stripe gave Stellar a 3-million-dollar capital injection a few years back which Stellar immediately returned in XLM. Yes, you read that right — Stripe owns Lumens.
Crypto News Powered by Oracle TimesIn addition to the banks and IBM’s validators, partnerships with SatoshiPay, Mobius, and Hashcash (among others) were also mentioned. Crypto News predicted that the price of Stellar could hit the $1 point as early as January 2018, and it nearly did around January 3rd – 4th when it reached a height at $0.94. The price, however, has fallen significantly since then.
XLM Price Predictions In 2020?The following predictions are two very different, highly speculative price predictions. Do not let either one of these XLM price predictions scare you or cause you to become too excited. Remember, crypto is incredibly volatile, the prices can be up one moment and down 50% the next. So, please read and act with caution.
JIO PhoneThis Cryptocurrency forecaster has a very optimistic future predicted for XLM price predictions in 2018, all the way up until 2020. They say that the prediction for April 2020 is $8.08, moving even higher to over $12.00 towards the end of the summer in 2020. Going even further into the future, the website predicts that the coin will reach $50 USD by December 2021. Now, wouldn’t that be epic for investors!
INTERESTING FACTStellar has a proven model unlike Ethereum as it already has the unique technology to issue any asset directly!
The Economy Forecast AgencyThis website features a long-range of forecasting models to make market forecasts for corporate clients. The analysts use mathematical and statistical price models based on historical price trends. This website predicted that in 2018 the Stellar price prediction will drop to $0.15 from where it currently stands at $0.19. The website also has its own price prediction for 2020, which says Stellar will see a high of $0.64 in 2020. This, quite clearly, is by far the most conservative and pessimistic of XLM’s price predictions.
Is XLM a Good Investment?According to a recent post by Data Driven Investor, when Venture Capitalists sink money into a company, two of the most important questions they ask themselves are these: 1) Are there some easily identifiable uses for the product? 2) What kind of team does this company have behind it? Stellar knocks both of those questions out of the park and certainly has a great use case and a solid team. Throughout all these XLM price predictions, some of the same three things continued to appear — the technology behind the Stellar blockchain, the development team, and the partnerships.
Jed McCaleb’s Accomplishments
Ripple’s co-founder Jed McCaleb | Source: ripplecoinnewsDespite what you might have read about Jed McCaleb’s past (he left Ripple, was in a lawsuit etc.), but it’s important to keep one thing in mind: the guy knows how to win. Even though it underwent a large-scale attack, Mt. Gox still held up to 80% of Bitcoin’s volume at its peak. Many of the Bitcoin’s in circulation today are able to be traded because of Mt. Gox.